Christie Ou
Hang Seng reports that China will need to continue to drive deleveraging for a shift from an investment-and-exports-led to a consumer-and-services-led growth model.
Joshua Zimmerman has joined law firm Proskauer’s Hong Kong office. The corporate finance specialist will help build out its capital markets practice in Asia.
Byron Beath’s local presence will help the distressed investment specialist to capture the growing market for opportunities in Australia.
Managing partner and chief investment officer Edwin Wong sat down with Christie Ou to discuss SSG Capital Management’s new performing secured lending strategy, its latest $950 million special situations fund and which side of the business offers the richest opportunity for investors.
The Singaporean manager, which has traditionally pursued trade financing, raised $50m for its new senior secured fund within six months.
Myo Capital is eyeing opportunities in the Asian credit markets but needs to raise capital and is seeking a partner for its new debt vehicle. The firm, led by Justin Ferrier, is liquidating its first fund after the main investor pulled out.
Rayel has joined Intermediate Capital Group to manage and expand the company’s Australian senior debt fund.
Justin Partington has joined Sanne as its first global head of funds. He is a fund administration veteran having worked across the alternative asset sector in Cayman, London and the Channel Islands.
The UK accounted for more than one-third of the total loan sales in 2015, according to a new report by accountancy firm KPMG.